Partner David Wilkes Publishes Article in Bloomberg Tax on Expected Tax Shifts Under the New City Administration

Partner David Wilkes has published an article in Bloomberg Tax examining how the incoming New York City administration’s proposed tax and housing policies could affect the city’s wealthy residents and businesses. The article discusses tax increases on high-income earners and corporations, rent freezes, and shifts in property tax assessments that may place greater pressure on commercial real estate.

The piece also outlines the limits of mayoral authority and the role of state cooperation in implementing these measures. Wilkes offers strategies for businesses and property owners to anticipate and plan for potential financial impacts under the new administration.

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